Cherreads

Chapter 59 - The Guilt of Money

The next day. Tuesday, October 28.

I woke up at 6:00 because Layla said she wanted to be there early so she could make a few trips moving her tools.

Layla was waiting outside at 6:10, I opened the door and gave her the keys. Before I could even get a word out she was already making her way back over to her car to leave.

I just shrugged and went back inside. I was going to tell her to look out for the neighbors truck so she would know she was dealing with the right person later but then again who would show up at a random warehouse saying they were there to install a toilet and build a bathroom.

Later I transferred a few thousand dollars to the car business account to pay my neighbor for his work and the materials.

At 9:00 I was already planted in front of my computer waiting for the stock market to open. My leg was shaking in anticipation. 

9:30 the stock market opened. 

Right away there was a sharp increase followed by a decrease, nothing extreme, but it showed the attitude of the investors.

The majority of the day was calm, after the first few fluctuations the market entered a state of calm.

However, everyone could see the swelling tension as the stock price climbed higher and higher, ever so steady.

All of that changed at 3:30 the stock which had steadily climbed to $40 suddenly spiked, shooting up to $45, but it didn't stop there.

It kept rising higher and higher.

Once it got to $90 my AI decided to dump my stock. Which I was perfectly happy with, I made a ton of money either way.

But the stock kept rising another $5 up to $95, then it crashed. 

Like a meteor falling from the sky crashing down to earth, ready to decimate countless lives, mercilessly. 

The crash happened in only a moment but the desolation was obvious at a glance, as the stock had fallen to below its starting few dollars and was now valued at only a few cents.

I was astonished but now was the time to look at my gains not another's loss.

I started with $30,557,880.00 that bought 2,037,192 stocks that sold for $90 a stock. So I now have $183,347,280.

Let's not forget to add in the $1.51 and the $995,000 I left out. I took out $5,000 for the bathroom in the warehouse.

So all together that comes to $184,342,281.51.

Looking at the stocks that had bottomed out I came to the conclusion that the volatile stock market was probably done for.

At least for the time being. It will inevitably come back at some point in the future. They will just be different stocks.

I guess all of those guys that try and play the stock market will just have to go somewhere else.

Well, if they didn't go broke, or, into, debt.

I came to a sudden realization. Why did the bank decide to do this?

To trick the other financial institutions and pull ahead? No. If I didn't fall for it then neither would they. I mean I couldn't even figure out how to do one of the basic stock options and I'm supposed to think that I can out smart most of the brightest minds in finance? 

There is just no way.

Then why? Why tell your employees one thing but do another? You would only do that to trick someone. But who? The other financial institutions? Obviously not. The employees? No, they don't have any skin in the game. So they have no reason to be lied to, unless it was for them to tell others?

But who would they tell? Friends? The market in general? Or a mix of the two. A way to pull in the uninformed, or rather the misinformed. 

Was this all a scheme to draw in the whole volatile market as well as those in other markets to try and cash grab them with a rug pull?

But a lot of them had to be their own customers. So why would they?

I did a quick Foolgle search and as it would turn out the top 10% of the richest of UFA own 87% of stocks. The top 1% alone own roughly 50% of all stocks. Again this is the stock market not the economy.

Which means that is not ownership of buildings or property, that is cash invested in corporations.

That means what I just saw was a huge wealth transfer of the richest people in the country taking all of the money that your everyday working class citizen had put into the volatile stock market.

I know that they took the risk by putting their money in the volatile market, but this wasn't the market, it was a strategic move by the wealthy elite.

One that the insurance of brokerage accounts would not cover.

But the question still remained, why did they do this?

I know that the wealthy elite are greedy but what prompted them to cook up this plan?

That was when I realized, it was me.

It is my fault that this happened.

Because I was slowly cleaning out the volatile market. It must have been apparent to them that I would inevitably end up taking a large amount of money and dry up the volatile market in the process.

In order to combat that they came up with a plan to take as much of the money for themselves as they could.

If others found out and made some money off of their plan it wasn't a big deal because they probably made a few billion dollars from this wealth transfer.

It was a cunning plan, I'll give it to them.

But, I was still the cause for many people to lose lots of money. I'm sure lots of people lost all of their money or even went into crippling debt. I'm sure some people even took drastic measures that would leave their families and friends reeling in grief for possibly a lifetime.

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